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Barbados Gets Loan from CDB for Flood Hazard Reduction

The Caribbean Development Bank is providing a loan of USD4.615 million to the Government of Barbados to finance a project to reduce flood hazard risks in Speightstown, the country’s second largest town. Under this project, the capacity of the main storm drain in Speightstown will be increased from a 1-in-5 year rainfall flow event to a 1-in-20 year storm flow event. The project also provides for technical assistance to improve the planning, execution, and funding of routine maintenance in Speightstown, and to develop and implement a community education programme on flood reduction measures in the town. Latest News Image Source: www.sfgate.com

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UWI Gets Loan for Enhancing the Learning Environment at Open Campus Sites St. Vincent and St. Lucia

The University of the West Indies (UWI) will receive a USD13 million loan from the Caribbean Development Bank to assist with the expansion and rehabilitation of the Open Campuses in St. Lucia and St. Vincent and the Grenadines. The loan, which was approved by the Bank’s Board of Directors on Thursday, December 12, 2013, is being guaranteed by the Governments of the two countries. Along with the expansion of the Open Campus sites, the loan will also be used to improve the technological capacity for service delivery and for the design of new demand-driven programmes which will help to make training more relevant. The CDB Board of Directors also approved a technical assistance grant USD160,000 to UWI to assist with the financing of the development of an implementation framework for the Single Virtual University Space project, and improving maintenance at the Open Campuses in St. Lucia and St. Vincent and the Grenadines.   Home page image source: www.cies.us

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CDB Provides Loan to Guyana to Rehabilitate Its Sea and River Defences

The Government of Guyana will receive a loan of USD25 million from the Caribbean Development Bank to fund a Project which will protect a number of communities from flooding and other hazards brought on by the effects of climate change. Components of the project include the reconstruction and improvement of approximately 5.4 km of sea and river defences, as well as for capacity in shoreline change monitoring and analysis. The project will also include a Community Awareness and Education Programme. The project will involve 20 rural communities in Regions 2, 3, 4 and 6 along the coastline and in Leguan Island which is in the Essequibo estuary. These communities have a combined population of about 45,000 people in about 9,000 households.  CAPTION: High tide at the sea wall in Liliendaal, Demerara-Mahaica, Guyana. Image source: www.stabroeknews.com

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CDB Provides Grant To Haiti To Assist With Access To Education For Poor Children

The Caribbean Development Bank will provide a grant of USD11 million to the Government of the Republic of Haiti to assist the country in improving access to primary education and Early Childhood Development for poor children, and to enhance equity and governance of the education sector. The project will provide for tuition waivers, student nutrition and health, pre-service and in-service teacher training, school textbooks, multi-grade learning programmes, and activities to improve student literacy skills. It will also support community-based activities for school building and teacher training. And, it will improve governance and enhance financial management and procurement skills within the Ministry of National Education and Vocational Training, Ministère de l’Education Nationale et de la Formation Professionnelle (MENFP). The project is an integral component of the National Education for All Strategy and will support the Operational Plan for Education articulated after the earthquake of 2010. This project is the second phase of the Education For All Programme and will be funded jointly with the World Bank.

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Belize Gets Loan from CDB to Upgrade Electricity Systems

The Caribbean Development Bank will provide a loan of USD11.231 million to the Government of Belize for a project to upgrade and expand sections of the country’s sub-transmission and distribution systems, which will enable the Belize Electricity Limited (BEL) to provide a more secure and reliable electricity service. The upgrade of the systems will also assist BEL to reduce the probability of economic loss due to catastrophic incidents and to prepare the system to accommodate the incorporation of renewable distributed generation as envisaged in the National Energy Policy Framework. The Project will also provide for the undertaking of a feasibility study of submarine cable supply to Ambergris Caye, Caye Caulker and Placencia. This study will include environmental and social impact assessments. Image Source: blogs.reading.ac.uk

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Suriname Takes Up Its Seat as a Member of the Caribbean Development Bank

The South American nation of Suriname took its seat as a full member of the Caribbean Development Bank (CDB) at the 259th Meeting of the Board of Directors on Thursday, December 12, 2013. Suriname met the final requirement for becoming a CDB member on September 17, 2013, and is now the 27th member of the Regional institution. The country’s Alternate Director, Mr. Carlo Mike Ebecilio, joined fellow Directors for the historic Board meeting. CDB President, Dr. Wm Warren Smith, said that this development is very important for Suriname and the Bank. It represents Suriname’s further integration into the CARICOM Region and offers an opportunity to strengthen links that will be mutually beneficial for all CARICOM member countries. It is also a major milestone in the Bank’s own efforts to expand its borrowing membership and diversify its loan portfolio. “Suriname has a sound economy, which is growing rapidly. The Government runs a tight fiscal operation; and debt accounts for only about 25% of GDP. Since there is no exposure […]

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BNTF Contributes to Gender Socialisation in Early Childhood Development

Today, December 9, 2013, the Caribbean Development Bank (CDB), through its Basic Needs Trust Fund (BNTF) programme, kicks off its Regional Gender Socialisation workshop for Early Childhood Development (ECD) Practitioners at the Fort Young Hotel in Dominica, under the auspices of the Government of the Commonwealth of Dominica. The objectives of the workshop are to improve teaching skills in imparting knowledge, and to promote gender-responsive childhood learning in pre-schools. BNTF Portfolio Manager, CDB, Mrs. Darran Newman Belgrave, stated, “We recognise that improving gender socialisation practices in early childhood development is important to building healthier communities.  Future leaders will be born in our communities, and our communities must have learning environments which are more gender-sensitive and child-friendly.  This workshop is a physical embodiment of the BNTF theme, ‘Adding Value and Strength to Our Communities.’ CDB, through its BNTF Programme, has invested in ECD infrastructure in the Region, including construction and refurbishment of day-care facilities, pre-schools and primary schools. The Bank has also given grants to the Roving Caregivers Programme […]

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Work Begins On Reconstruction of BNTF-Financed Senior Citizens Home in Grenada

On November 29, 2013, the Caribbean Development Bank’s (CDB) Basic Needs Trust Funds (BNTF), in collaboration with the Ministry of Carriacou and Petite Martinique Affairs, Grenada, held a Sod Turning Ceremony for the reconstruction of the Top-Hill Senior Citizen Home in its original location in the Top Hill area. The Home was temporarily relocated to the ‘Nurse’s Hostel’ for the Princess Royal Hospital in 2010, when the conditions in the Top Hill location became unbearable. The USD481,481 reconstruction project includes the rehabilitation of the existing matron quarters, construction of a single story building, an administrative building, six double rooms, sickbay facilities, additional bathrooms and a powder room, as well as communal areas comprising a kitchen, sitting room, dining room, laundry-room, waiting room and a consultant’s area. Planned exterior works include landscaping, fencing and construction of a concrete pavement, car park, foot-path and walkway, as well as additional water storage facilities. Mr. George Yearwood, Operations Officer (Civil Engineer), CDB, pledged that the Bank will work closely with BNTF Grenada […]

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BNTF Partner Representatives Undergo Participatory Community Development Training

Tomorrow, November 29, 2013, the Caribbean Development Bank (CDB) will conclude a five-day training course in participatory community development methods for Community Liaison Officers (CLOs), Community Development Officers (CDOs) and partner representatives of its Basic Needs Trust Fund (BNTF) Programme. The training is taking place at the Pegasus Hotel in Georgetown, Guyana. Mrs. Darran Newman Belgrave, Portfolio Manager, BNTF noted, “There is evidence that BNTF sub-project interventions are contributing to enhanced well-being in vulnerable communities, however, the impact has been constrained by the limited capacity among staff in our Borrowing Member Countries to fully engage the beneficiaries. In addition, they have limited capacity to access, gather, disaggregate and monitor data and information, and translate these into baseline documentation, Community Needs and Assets Assessments, and other sub-project reports.” “CDB is committed to strengthening previous capacity building initiatives in participatory research methods designed for CLOs to reach the most vulnerable communities, and to engage them at all stages of the project cycle. The major objective of the training is to […]

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BNTF Intervention in St. Vincent Creates More Space for Preschoolers

In January 2014, 41 toddlers will begin their preschool education at the newly reconstructed VINSAVE Preschool, Layou, St. Vincent and the Grenadines. The school which was rebuilt with a grant of over USD164, 000 from the Caribbean Development Bank’s (CDB) Basic Needs Trust Fund (BNTF), officially opened on November 21, 2013. The expanded facilities has allowed the school to more than double its enrollment, as the original wooden structure which was closed in 2012, only catered to 18 children. The modern building has been designed to provide students with a healthy environment to explore social skills and receive hands-on experiences with qualified teachers. The BNTF is one of the Bank’s key instruments for addressing poverty reduction. The ten participating Borrowing Member Countries are Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines and Turks and Caicos Islands. BNTF is designed to assist poor and vulnerable communities in improving access to basic pubic services. The Programme provides grant funding for social […]

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